viajero_intergalactico
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you can wait until you file, that will only increase the interest you are paying.
get that done NOW.
I always encourage people to pay what they owe (tax or otherwise), but never pay more than you have to. if you have the money now, pay it and save on the interest. |
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cinnea
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If they now have it properly associated with your account, they should take it out of your refund this year unless you pay it off before you file this years return. With penalties and interest, of course.
You would have been better off paying it off yourself last year when you got the full refund. If they don't take it out this year, be sure to either pay it or call and set up a payment plan because penalties and interest will continue to accrue. |
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paul l
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It;s so close to the end of the year, you should be able to get them (whether you want to or not) to deduct what you owe. But, they are going to whack you with interest. Keep that in mind, when you're figuring out how much you'll get back. |
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Helen, EA in PA
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They will take what is owed (plus interest) from your refund.
Helen, EA in PA |
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acmeraven
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If you owe and it is now official and on the books just file your 2008 return and your refund will be tapped for the amount owed. No problemo. |
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xtraheavy01
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If they sent you a bill for $1600 and you did not pay it, they wull apply the
debt owed against your refund and send you a statement and the refund |
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v b
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If you are getting CP501 letters, just call and ask for a 120 day extension. ANYONE can request that once.
Then around 2/1 to 2/15, be ready to file. |
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taxtools
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How do you know that they know? Did you get a letter from them? If so their letter should tell you what they will do. If you agree that they are correct it is to your advantage to pay ASAP. That way you minimize penalties and interest.
If they don't know you should file an amended return on form 1040X.
TaxRef
http://www.pdftax.com/ |
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b123153h
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Yes they will work with you Call them do not let it go do it right away and they will cut ya some slack but ignore it and not call them they will hit you with fine and penalties. |
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Judy1
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They'll subtract it from your refund, but the refund will be delayed while they do, and that could be several weeks. The only real way to avoid that would be to pay what you owe before you file. |
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John Scott
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If you owed for 2006 simply because you didn't have enough withholding it's next to impossible that the IRS would "miss" that fact and sent you a refund for your 2007 taxes. Generally speaking the only way the IRS won't "catch" a tax debt and keep a refund to pay it is when the tax is assessed after the refund is sent out. This is usually when there is additional tax owed due to an audit or a determination that you didn't report all your income. Assuming that's the case, the IRS will indeed keep your refund up to the amount currently owed with interest and penalties. The fact that you owe the money won't delay the refund of any money that exceeds your 2006 liability, |
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MiSTAAAH MEK.
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sorry, i dont know. What did they tell you from the letter you got? .. If you got one |
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sq_grl
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i think they have bigger accounts too look at :)
enjoy your money |
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